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Allentown Neighborhood Improvement Zone Development Authority Awards Financial Services Contract to Peoples Security Bank & Trust Company (November 2026)

Allentown Neighborhood Improvement Zone Development Authority
Disclosed value
$4,819,903.65, plus an additional amount equal to the remaining excess NIZ Revenue for 2025 held in the Surplus Fund as of December 1, 2026
From agendapacket
Approved
Nov 4, 2026

The 30-second brief

What it covers

The Allentown Neighborhood Improvement Zone Development Authority approved a $4,819,903.65 payment to Peoples Security Bank and Trust Company to reduce its revolving Credit Facility debt. The resolution also authorizes a subsequent payment of remaining excess 2025 NIZ Revenue after December 1, 2026.

Who holds it

Peoples Security Bank & Trust Company holds this financial services contract with Allentown Neighborhood Improvement Zone Development Authority. Its other public contracts on record include work for Northeastern Educational IU 19 and Luzerne County Redevelopment Authority.

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Contract details

Contract type
Financial Services
Amount
$4,819,903.65, plus an additional amount equal to the remaining excess NIZ Revenue for 2025 held in the Surplus Fund as of December 1, 2026
Document date
November 4, 2026
Vendor
Peoples Security Bank & Trust Company
Agency
Allentown Neighborhood Improvement Zone Development Authority
Source document
Allentown Neighborhood Improvement Zone Development Authority AgendaPacket Board Meeting November 4 2026 (AgendaPacket)

Peoples Security Bank & Trust Company's other public contracts

Allentown Neighborhood Improvement Zone Development Authority, PennsylvaniaAuthority Authorizes $4.82 Million Credit Facility Paydown · Nov 4, 2026Northeastern Educational IU 19, PennsylvaniaNEIU 19 Continues Depository Relationship With Peoples Security Bank · Sep 30, 2026UndisclosedLuzerne County Redevelopment Authority, PennsylvaniaAuthority Considers Peoples Security Pittston Financing · Sep 15, 2026UndisclosedLuzerne County Redevelopment Authority, PennsylvaniaPeoples Security Bank Financing Considered for Tax Claims · Sep 15, 2026UndisclosedLuzerne County Redevelopment Authority, PennsylvaniaAuthority Considers Peoples Security Tax Financing · Sep 15, 2026Undisclosed

More Allentown Neighborhood Improvement Zone Development Authority contracts

King, Spry, Herman, Freund & Faul LLCAuthority Renews General Counsel Contract Through 2029 · Nov 4, 2026Fourscore LLCAuthority Extends FourScore NIZ Consulting Agreement · Nov 4, 2026Bdh DevelopmentANIZDA Approves Rent-Free Arena Event Under BDH Lease · Nov 4, 2026Peoples Security Bank & Trust CompanyAuthority Authorizes $4.82 Million Credit Facility Paydown · Nov 4, 2026Fourscore LLCANIZDA Extends FourScore Compliance Consulting Agreement · Nov 4, 2026All Allentown Neighborhood Improvement Zone Development Authority activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Allentown Neighborhood Improvement Zone Development Authority?

Peoples Security Bank & Trust Company was awarded this financial services contract by Allentown Neighborhood Improvement Zone Development Authority, as recorded on November 4, 2026. The contract value is $4,819,903.65, plus an additional amount equal to the remaining excess NIZ Revenue for 2025 held in the Surplus Fund as of December 1, 2026.

How much is the Peoples Security Bank & Trust Company contract with Allentown Neighborhood Improvement Zone Development Authority worth?

The Peoples Security Bank & Trust Company contract with Allentown Neighborhood Improvement Zone Development Authority is valued at $4,819,903.65, plus an additional amount equal to the remaining excess NIZ Revenue for 2025 held in the Surplus Fund as of December 1, 2026, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Allentown Neighborhood Improvement Zone Development Authority AgendaPacket Board Meeting November 4 2026 (AgendaPacket), dated November 4, 2026 from Allentown Neighborhood Improvement Zone Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What is Allentown Neighborhood Improvement Zone Development Authority currently buying?

Explore Allentown Neighborhood Improvement Zone Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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